German car giant Volkswagen said that it will invest 1 billion euros (about S $ 1.5 billion), and will open a car electrification and automation research, development and procurement center in China next year.
According to the Dow Jones News Agency, Volkswagen Motor said on Tuesday (April 18) that the investment will be purchased near the R & D site, and new products and technologies related to electrification and automation will be purchased near the R & D site.Accelerate about 30 %.
Volkswagen also said that I hope that the company called 100%Techco will help deliver the car to the market faster, saying that the center's headquarters will be located in Hefei.
Ralf Brandstaetter, a member of the Volkswagen China Business Board, said: "By continuously bundled development and procurement capabilities, and integrate local suppliers in the early stages, we will greatly speed up our developmentPay. "
